Oddo BHF Asset Management Sas Buys 120,231 Shares of Snowflake Inc. $SNOW

Posted by George Bondi on Jul 30th, 2026

Oddo BHF Asset Management Sas raised its position in shares of Snowflake Inc. (NYSE:SNOW – Free Report) by 267.2% in the first quarter, HoldingsChannel.com reports. The firm owned 165,220 shares of the company’s stock after purchasing an additional 120,231 shares during the quarter. Snowflake accounts for approximately 1.0% of Oddo BHF Asset Management Sas’ portfolio, making the stock its 26th biggest holding. Oddo BHF Asset Management Sas’ holdings in Snowflake were worth $24,918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SNOW. Kemnay Advisory Services Inc. acquired a new position in shares of Snowflake in the 4th quarter worth approximately $28,000. Greenline Wealth Management LLC bought a new stake in shares of Snowflake in the 4th quarter valued at $29,000. Physician Wealth Advisors Inc. increased its position in shares of Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after buying an additional 51 shares during the period. MV Capital Management Inc. acquired a new stake in shares of Snowflake during the fourth quarter worth $32,000. Finally, HHM Wealth Advisors LLC increased its position in shares of Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Up 4.9%

Shares of NYSE SNOW opened at $283.55 on Thursday. The firm has a market cap of $98.28 billion, a PE ratio of -80.55 and a beta of 1.35. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $293.56. The company’s fifty day simple moving average is $245.62 and its 200 day simple moving average is $196.12. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The business’s revenue was up 33.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Insider Transactions at Snowflake

In other news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $141.60, for a total value of $7,127,860.80. Following the completion of the sale, the director directly owned 28,556 shares in the company, valued at $4,043,529.60. This trade represents a 63.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $250.00, for a total value of $25,000,000.00. Following the completion of the sale, the director directly owned 8,801 shares of the company’s stock, valued at $2,200,250. The trade was a 91.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,102,015 shares of company stock valued at $504,063,952 in the last 90 days. 4.80% of the stock is currently owned by corporate insiders.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: New AI governance products strengthen Snowflake’s enterprise positioning. Snowflake launched the Cortex AI Gateway and related security innovations to provide centralized monitoring, activity controls, cost management and secure interoperability for AI agents. These tools address major barriers to corporate AI adoption and could increase platform usage as customers scale agentic-AI deployments. Snowflake launches AI agent governance layer to track activity, control costs
Positive Sentiment: Analysts see significant additional upside. Wells Fargo reportedly reiterated a bullish view, citing an opportunity for the software stock to gain as much as 85% after its earlier decline. Snowflake’s enterprise-AI expansion, security features and product-revenue guidance calling for approximately 30% growth are supporting the optimistic outlook. Wells Fargo says this software stock can surge 85%
Positive Sentiment: Partnership activity reinforces the AI-security narrative. 1Password joined Snowflake to address trusted agent interoperability, potentially improving the credibility and adoption of Snowflake’s security and governance offering. 1Password joins Snowflake to tackle AI security
Neutral Sentiment: Technical momentum has improved. A reported golden-cross setup and a cup-with-handle pattern suggest stronger chart momentum, with technical traders watching a potential breakout near the pattern’s entry level. Snowflake flashes golden cross after sell-off
Negative Sentiment: Heavy insider selling may concern investors. Director Frank Slootman sold roughly $79.5 million of shares on July 20 and another $2.8 million on July 21, while director Benoit Dageville sold approximately $18.4 million. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but they can still weigh on sentiment.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. Citizens Jmp reiterated a “market outperform” rating and set a $325.00 price target on shares of Snowflake in a report on Tuesday, May 19th. Rosenblatt Securities lifted their price objective on Snowflake from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. BTIG Research boosted their price objective on Snowflake from $280.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Needham & Company LLC boosted their price objective on Snowflake from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Thirty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $296.27.

Get Our Latest Report on Snowflake

Snowflake Profile

(Free Report)

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.